Saudi's Hassana acquires 40% stake in Berain Water Company
Summary
The company has a fully integrated business model, strategically positioned to leverage its robust manufacturing capabilities, efficient procurement processes, and an extensive logistics and distribution network.With three state-of-the-art factories located in Riyadh and Jeddah, along with 24 storage and warehousing facilities across various cities in Saudi Arabia, Berain is well-equipped to meet the growing demand for its products across Saudi Arabia.Ahmed W Alqahtani, CIO of Regional Markets at Hassana, said: "This transaction is aligned with Hassanas long-term investment strategy to acquire well-performing businesses in the consumer sector with a stable and attractive cashflow profile underpinned by strong market fundamentals. "He added: "We are pleased to partner with Rajhi-Invest and we look forward to building a long-term partnership based on mutual benefit. "Mohamed A El Samman, Group CEO at Rajhi Invest, said: "This strategic partnership with Hassana is a testimony of Rajhi-Invest capability of building successful industrial players and a decisive step towards realizing our vision for Berain. We are looking forward to this partnership and anticipate a powerful synergy that will drive transformative growth for Berain across the Saudi FMCG landscape." - TradeArabia News ServiceCopyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).